MarketWatch: Trump Is Jealous Amazon Is Better at Avoiding Taxes

In 2017, Amazon paid no federal tax on $5.6 billion in U.S. profits, according to an analysis by Matthew Gardner at the Institute on Taxation and Economic Policy. During the previous five years, Amazon paid an effective rate of 11.4% on its profits of $8.2 billion, about a third the statutory rate, Gardner said.

“More so than any company I can think of, Amazon appears to have built their profit maximization strategy around avoiding taxes at various levels,” Gardner told Alex Shepherd of The New Republic, who concluded that “Amazon has used local, state, and federal tax laws to its benefit, while doing everything in its power to avoid posting profits.” Read more

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